Spain sees economic turnaround later in 2013, economy secretary

MADRID Thu Feb 28, 2013 7:48am EST

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MADRID Feb 28 (Reuters) - Spain's economy will return to quarterly growth in the third or fourth quarter this year, Secretary of State for the Economy Fernando Jimenez Latorre said on Thursday.

Spain's economy contracted 1.4 percent last year and the consensus outlook is that it will shrink by about that amount again in 2013. The government's official forecast is for GDP to fall 0.5 percent this year.